We all love adding the odd piece of Prada to our wardrobe, but British billionaire Richard Caring has certainly found a way to one-up as all: he's looking to buy the entire company.

According to Britain's Sunday Times Caring is currently in "secret" negotiations to purchase the company, but is competing against two private equity firms.

Prada as a company is estimated to be worth approximately £1.3 billion (approximately AU$3 billion), and the company is certainly in good shape. Since jettisoning in loss-making Helmut Lang and Jil Sander labels last year profits have risen 63% seeing the fashion house earning £54 million a year.

I love prada...its one of my fav brands at the moment...imagine buying the whole company!